Property Law
ASSIDUOUS LAW ASSOCIATES provides complete range of legal services to the Property law.Property law in India affects everyone in society, regardless whether they are wealthy or poor. Property law oversees the connections between the members of society about tangible and immaterial objects.
Property law in India refers to the ideas, norms, and procedures that govern the resolution of property disputes and the structuring of property transactions. Property law differs from other laws because it deals with the connections between and among members of a society about items like a factory or diamond ring and intangible items such as stocks and bonds or a bank account.
In India, property law has undergone several modifications since its formation. Property law is related to the distribution, use, and transfer of property. This property can be in any form, tangible or intangible, movable or immovable.
Background of Property Law in India
As the government attempted to implement its land reform ideology to abolish the zamindari system—the Property Law in India and Property Rights proved to be a barrier. A feudal-style agricultural framework resulted in vast patches of land invested in a few hands.
English Law, equity, and property law ruled the laws concerning the property—the Acts and Regulations that the Governor-General-in-Council passed. Indians had to rely on the Anglo-Indian courts because there was no clear statutory provision. The courts made their decision based on their interpretation of justice.
Thus, the situation was very confusing and contradictory. Therefore, a law commission was established to draft a statutory law to address property-related issues in India.
What is Property Law?
The term ‘property’ refers to lawful ownership, and all properties can be classified into two categories, namely real and personal.
- Real property refers to land, including properties like houses, garages, commercial buildings, sometimes even trees or forests, and land laws.
- Personal property refers to items that people own and are transportable. These properties include an automobile, household items.
Property law in India is the legislation governing many aspects of property ownership in the country. Property law governs the forms of ownership with the terms and conditions of that ownership, and it applies to tangible and intangible assets.
The law applies to everyone in a community and is a crucial component of land, family, and municipal law.